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Biotech / Medical : HuMAB companies

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To: Harold Engstrom who wrote (439)	10/29/2002 12:53:42 PM
From: Icebrg	Read Replies (1) of 1022

Harold No, they plan to finish the plant expansion and use the manufacturing capacity as an argument to lure potential partners into the Abgenix net. Makes sense. Their strategy should be contrasted with Medarex, who recently decided not to go forward with their plant expansion quoting the available "excess" capacity as the reason. Makes less sense. I suppose both of them cannot be right. What is clear though is that both (having cash nets of abt 200 mUSD each after deducting long-term debts) start to feel a squeeze on the cash position. Amazing! Erik

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